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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Potential Health Benefits and Elevating Trend of Following a Healthy Lifestyle is Fuelling the Demand of Dairy Products
Consumer preferences are slowly shifting away from fast food toward healthy diets. This trend toward a more nutritious diet is being seen as a result of the ageing population's growth, changing lifestyles, increased health concerns, and rising health awareness. This is likely to drive demand for dairy products, boosting the dairy products market's growth.
Consumption of milk, cheese, and yoghurt is associated with a lower risk of heart disease, stroke, hypertension, diabetes, metabolic syndrome, and colorectal cancer. Some fermented foods have active bacterial cultures and probiotics that can flourish in the digestive system and keep the gut microbiota in its average balance. Several dairy products aid in maintaining healthy teeth as well. Calcium, phosphorus, and protein casein are just a few of the particular anti-decay nutrients found in dairy products. Compared to other dairy products, yoghurt can help people lose weight and fat. High-quality proteins in milk contain all the critical amino acids required for muscle growth and maintenance. All these factors promote the consumption of milk and milk products among all age groups thus, aiding market growth.
South Korea Dairy Market Report Snapshots
South Korea Dairy Market Demand
South Korea Dairy Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The South Korea market attained a value of nearly USD 4.05 billion in 2023
The market is projected to grow at a CAGR of 4.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5.53 billion by 2032.
A variety of flavours and products, consumer awareness, rising disposable income, higher standards of living demand for clean label products, and eco-friendly packaging are the driving factors of the South Korea dairy market.
Rising awareness of health, increasing demand of flavoured milk and probiotic drinks are the key industry trends.
The dominant type of dairy in the industry are Milk, Dry Milk, Yoghurt, Cheese, Butter, Baby Formula, and Condensed Milk.
Unflavoured milk, flavoured milk, especially Binggrae’s banana milk, drinkable yoghurt, cheese, and ice creams are majorly consumed in South Korea.
Cheese consumption has increased under the influence of westernisation. Cheese is now a popular topping and ingredient in many Korean dishes.
The distribution channel segment is led by supermarket/hypermarkets, convenience stores and discount stores, grocery stores, online stores, and department stores.
The major players in the South Korea dairy industry are Maeil Co.Ltd, Namyang Dairy Products Co., Ltd., Seoul Milk Cooperative, Dairyzen Co., Ltd, Nestlé SA and Others.
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